Bank collapse was not the only option, govt could have rescued distressed banks — Inusah Fuseini

Bank collapse was not the only option, govt could have rescued distressed banks — Inusah Fuseini

Former MP for Tamale Central, Inusah Fuseini, has argued that Ghana’s financial sector clean-up may have gone too far, suggesting that some collapsed institutions could have been rescued instead. Speaking on JoyNews Newsfile, he questioned whether the government and the Bank of Ghana chose the most efficient solution. “The banks were impaired, yes, but was collapsing them the only option?” he asked. He referenced discussions around an estimated …